Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms

Select a letter below or enter a term or keyword.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



Separate economic entity assumption

This is the concept that a business is separate from its owner or owners and the financial statements reflect the affairs of the business, not those of the owner.